Zheng Quan Zhi Xing·2025-08-22 16:49Core Viewpoint - The company, Zhaoyi Innovation Technology Group Co., Ltd., is utilizing its own funds and foreign exchange to pay for part of its fundraising project expenses and will replace these with equivalent amounts from the raised funds, following necessary regulatory procedures and approvals [2][9]. Fundraising Basic Situation - The company raised a total of RMB 432,402.35 million through a non-public offering of 21,219,077 shares at RMB 203.78 per share, with a net amount of RMB 428,443.86 million after deducting underwriting fees [2][3]. Fundraising Investment Project Situation - The adjusted total investment commitment for the fundraising projects is RMB 469,639.30 million, which includes a new project for automotive electronic chip R&D and industrialization, alongside the original DRAM chip project [3][4]. Use of Own Funds and Foreign Exchange - The company has opted to use its own funds and foreign exchange for certain project payments due to regulatory requirements that prevent direct payments from the fundraising account for specific expenses [4][5]. Impact on Daily Operations - The decision to use own funds for project payments is seen as a reasonable optimization that enhances fund utilization efficiency and does not affect the normal implementation of fundraising projects or shareholder interests [7][9]. Approval Process - The company’s board approved the use of own funds for project payments and their subsequent replacement with raised funds, which was within the board's authority and did not require shareholder approval [8][9].